AUD/USD Forecast September 19, 2016, Technical Analysis
The AUD/USD pair fell slightly during the course of the session on Friday, as we continue to bang around the 0.75 handle. This is an area that continues to be a bit of a magnet for price,...
Category: Daily Forex Reports
EURAUD Uptrend Pullback (Sep 16, 2016)
EURAUD recently broke above the neckline of an inverse head and shoulders pattern, signaling a reversal from its previous downtrend. Before price resumes its climb, it could still make a pullback to the broken resistance area. ...
USD/JPY Forecast September 15, 2016, Technical Analysis
The USD/JPY pair initially tried to rally during the course of the session on Wednesday, but turn right back around to form some type of shooting star. This being the case, it’s likely that we will have...
USD/CAD Forecast September 15, 2016, Technical Analysis
The USD/CAD pair went back and forth during the course of the day on Wednesday, as we turned right back around to form a slightly positive candle. However, I think the 1.32 level of course is resistive...
GBP/USD Forecast September 15, 2016, Technical Analysis
The GBP/USD pair went back and forth during the course of the day on Wednesday, but we ended up forming a hammer which of course is a very bullish sign. With this, I believe that a break...
EUR/USD Forecast September 15, 2016, Technical Analysis
The Euro rose again against the US dollar, but we are still very much stock in the consolidation area that we have been in for some time now. I believe that the larger consolidation area extends all...
AUD/USD Forecast September 15, 2016, Technical Analysis
The AUD/USD pair initially tried to fall, but then turned around to slam into the 0.75 level. Ultimately, this is a market that is at fairly low levels, but I also feel that the market could be...
USDCAD Ascending Triangle (Sep 15, 2016)
USDCAD has formed higher lows and found resistance at the 1.3200 major psychological level, creating an ascending triangle pattern on its 4-hour time frame. Price is currently testing the resistance, still deciding whether to go for a...
USD/JPY Forecast September 14, 2016, Technical Analysis
The USD/JPY pair went back and forth during the course of the day on Tuesday, but then turned right back around to form a slightly positive candle. By doing so, the market looks as if we are...
USD/CAD Forecast September 14, 2016, Technical Analysis
The USD/CAD pair broke much higher during the course of the day on Tuesday, breaking well above the top of the shooting star from the Monday session. By doing so, it shows that the USD/CAD pair should...